Financial results and reports

Quarterly results

Review financial results for the most recently ended quarter and past quarters.

Quarterly results

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Annual reports

Read about our financial performance and achievements as well as our strategy for the future.

2024 annual report

Financial highlights1

Q4 2025

Q3 2025

Q4 2024

Full Year 2025

Full Year 2024

Underlying net income ($ millions)2

1,094

1,047

965

4,201

3,856

Reported net income ($ millions)3

722

1,106

237

3,472

3,049

Diluted underlying EPS ($)2

1.96

1.86

1.68

7.45

6.66

Diluted reported EPS ($)

1.29

1.97

0.41

6.15

5.26

Underlying ROE2

19.1%

18.3%

16.5%

18.2%

17.2%

Reported ROE2

12.6%

19.3%

4.0%

15.1%

13.6%

SLF Inc. LICAT ratio4

157%

154%

152%

157%

152%

Assets under management ($ billions)2,5

1,605

1,623

1,543

1,605

1,543

Number of common shares outstanding (in millions)

553.8

558.4

573.9

553.8

573.9

Dividend per common share ($)

0.92

0.88

0.84

3.52

3.24

Book value per common share ($)

40.25

40.86

40.63

40.25

40.63

1 All numbers are: unaudited, impacted by rounding, and in Canadian dollars, unless otherwise noted.

2 Represents a non-IFRS financial measure. Refer to section M – Non-IFRS Financial Measures in our MD&A for the period ended December 31, 2025 for further information.

3 Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with IFRS.

4 Life Insurance Capital Adequacy Test (“LICAT”) ratio of SLF Inc. Our LICAT ratios are calculated in accordance with the OSFI-mandated guideline. 

5 Prior period amounts have been updated.